ASX:PPC

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Ingenia Communities Group Confirms Discussions With Peet on Strategic Opportunities

Ingenia Communities Group (ASX:INA) has confirmed it is in discussions with Peet (ASX:PPC) and potential capital partners regarding opportunities that align with its strategic objectives, following recent media speculation, according to a Friday filing with the Australian bourse.The discussions support the company's strategy to accelerate land lease growth by expanding its land bank beyond its five-year plan, securing additional capital, and enhancing security holder value through greater scale, housing demand exposure, and financial strength, the filing said.The company notes that there is no certainty that the discussions will result in any form of transaction, the filing added.

ASX:INAASX:PPC

Asia42d ago

Peet Makes 'Meaningful Positive Upgrade' to Fiscal 2026 Profit Outlook, Euroz Hartleys Says; Shares Rise 9%

Peet's (ASX:PPC) increased earnings guidance "is a meaningful positive upgrade" that reflects a continuation of strong operating performance and sustained demand in important markets, Euroz Hartleys said in a Thursday note.The company raised its fiscal year 2026 net profit after tax guidance to between AU$98 million and AU$100 million from a previous range of AU$86 million to AU$90 million, representing growth of 67% to 71% from fiscal year 2025.The upgrade puts Peet materially ahead of Euroz Hartleys' AU$87.2 million forecast, which the equity research firm is now reviewing.Peet is also targeting further growth in fiscal year 2027 amid a more cautious macro backdrop, including interest rate hikes, inflation, and cost-of-living pressures. Australia's structural housing shortfall has not been resolved yet, and the company "remains well positioned to deliver into tight supply" in regions like Western Australia and Queensland, Euroz Hartleys said.It maintained a buy recommendation on Peet with an under-review target price of AU$2.76 per share.Peet shares advanced 9% in recent Thursday trade.

ASX:PPC

Asia43d ago

Peet Raises Fiscal 2026 Net Profit After Tax Guidance; Shares Gain 7%

Peet (ASX:PPC) raised its fiscal 2026 net profit after tax guidance to between AU$98 million and AU$100 million from a previous range of AU$86 million to AU$90 million, according to a Thursday filing with the Australian bourse.The new outlook represents earnings growth of 67% to 71% compared with fiscal 2025, per the filing.The company attributed the upgrade mainly to continued strong market conditions across Western Australia and Queensland, as well as an acceleration of its construction program that helped it bring product to the market sooner than expected.Peet's shares gained 7% in recent Thursday trade.

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